Mufg Securities Americas Inc. acquired a new position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,561 shares of the company's stock, valued at approximately $455,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock valued at $1,592,283,000 after buying an additional 984,421 shares during the last quarter. Geode Capital Management LLC grew its position in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after acquiring an additional 1,036,344 shares during the period. Capital World Investors grew its position in shares of VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares during the period. Principal Financial Group Inc. grew its position in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after acquiring an additional 130,659 shares during the period. Finally, Norges Bank bought a new position in shares of VICI Properties in the 4th quarter valued at about $419,932,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Price Performance
VICI stock traded up $0.02 during trading on Monday, reaching $32.12. 4,508,756 shares of the company were exchanged, compared to its average volume of 5,995,715. The company has a 50-day moving average of $31.73 and a two-hundred day moving average of $31.04. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 69.20%.
Analysts Set New Price Targets
A number of brokerages have recently commented on VICI. Robert W. Baird lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Barclays lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Mizuho lifted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.18.
Check Out Our Latest Stock Report on VICI Properties
VICI Properties Profile
(
Free Report)
VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.
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